The NZDUSD is in a position similar to that of the AUDUSD. There is a count in the NZDUSD that calls for a wave 2 high to form before .6090. If this is to occur, then a high should form within the next few days. I wrote yesterday that “short term structure favors a push above .5753 in order to complete wave c of an expanded flat (just like the EURUSD).” The NZDUSD reached .5800 today, so it is possible that a top is in place but I’d like to see near term weakness before going short. It rarely pays to jump in front of a moving train.